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Northgate Street, Ilkeston

East Midlands

£49,500
Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This two-storey mid-terraced house features three bedrooms and presents a compelling opportunity for renovation and investment, particularly for first-time buyers or landlords looking to expand their portfolio. The property, benefiting from gas central heating and double glazing, requires substantial modernization throughout but has the potential to be transformed into a comfortable family home or rental unit. The ground floor includes a welcoming entrance hall leading to a spacious living room with an Adam-style fireplace and an open-plan dining kitchen that opens onto an enclosed courtyard garden. Upstairs, the layout offers three good-sized bedrooms, one with a walk-in wardrobe that could easily be converted into an en-suite bathroom. While it is sold on a 'as seen' basis with no warranties for the boiler or electrical systems, previous rental history suggests essential safety certificates have been maintained. Situated conveniently within walking distance of local shops and amenities in Ilkeston, this property is ready for its next chapter with the right vision and investment.

Investment Analysis

(DE7 area)
Area Average
£235/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
54
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DE7)

Area prices are stable by -0.8% over the last 12 months
3 year growth: +2.4%
5 year growth: +18.7%
Investment Disclaimer: Analysis based on DE7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Northgate Street, Ilkeston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£177
Based on a loan of £37,125 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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